Cummins arrived at Vocation after all the damage had been done, he still reduced its debt by 92 per cent and presided over the restructuring of its portfolio, the assembly of a new management team and significant revenue growth. Of course, with class actions looming and the investment community openly hostile, nobody could've kept that ship afloat.
Ashley should have been a redemption for Cummins, it has single digit debt, 5 businesses vertically integrated, now all of five are making money. I had a quick check its website and seek, they have pages of pages of recruitment and labor hiring ads, it certainly has more job ads than MEA ($150mil) has for houses, that is where I see value.
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